Alternus Clean Energy terminates OTC forward purchase agreement, issues $500K promissory note; CSO resigns

Alternus Clean Energy, Inc.

Terminated Dec 3, 2024 OTC Equity Prepaid Forward with Meteora entities; 111,862 shares freed from obligations.
Issued $500,000 promissory note to Meteora as consideration, bearing 10% interest, maturing Jan 31, 2026.
Gita Shah resigned as Chief Sustainability Officer effective Dec 31, 2024, not due to any disagreements.
Previous forward obligations fully satisfied; only indemnification and securities contract sections survive.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

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Departed

Gita Shah

Chief Sustainability Officer

Alternus Clean Energy, Inc.

Effective: 2024-12-31
Filed: January 7, 2025, 6:59 PM ET

On December 31, 2024, Ms. Gita Shah resigned as Chief Sustainability Officer of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gita Shah resigned as Chief Sustainability Officer at Alternus Clean Energy, Inc..

Action: resigned
Role: Chief Sustainability Officer

Exact text from the filing

On December 31, 2024, Ms. Gita Shah resigned as Chief Sustainability Officer of the Company, effective immediately.

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Source: SEC EDGAR

accession 0001213900-25-001620

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